NCR Mobile Cash Withdrawal at ATMs

NCR has announced that it will provide new software that will allow consumers to initiate cash withdrawals from their bank accounts on mobile devices and then complete those transactions at an ATM by scanning a 2D barcode.

NCR Mobile Cash Withdrawal will make ATM transactions faster and more secure by removing cards and PINs from the process at the ATM. The entire transaction, while the consumer is in front of the ATM, can take less than 10 seconds.

This video at the NCR website pretty much explains how it would work. NCR is looking for beta partners.